SEOUL: The Bank of Korea said on Friday that its 2025 net income climbed to a record 15.3275 trillion won, nearly doubling from the previous year as gains on foreign-currency assets and stronger securities prices lifted results. The total marked a 96.03% increase from 2024 and surpassed the central bank’s previous high of 7.8638 trillion won set in…
SEOUL: South Korea posted an 11.3 trillion won managed fiscal surplus in January as stronger tax collection offset higher government spending, with value-added tax and income tax leading the increase in receipts. Finance ministry data showed tax revenue reached 52.9 trillion won in the month, up 6.2 trillion won from a year earlier, while the managed fiscal…
GABORONE: Botswana is facing renewed pressure on its diamond-driven economy after S&P Global Ratings lowered the country’s long-term sovereign rating to BBB- from BBB and its short-term rating to A-3 from A-2, while keeping a negative outlook. The cut leaves Botswana at the lowest investment-grade level and comes as weaker rough diamond sales continue to squeeze export…
MUMBAI: India’s foreign exchange reserves rose to a record $728.494 billion in the week ended Feb. 27, according to data released by the Reserve Bank of India on Friday. The stockpile increased $4.885 billion from $723.608 billion a week earlier, reversing the prior week’s decline. India’s forex reserves comprise foreign currency assets, gold, Special Drawing Rights and the…
BEIJING: China’s top economic and financial officials pledged expanded support for technology firms, a push toward more balanced trade and deeper capital market reforms during a news conference on the sidelines of the annual National People’s Congress. The briefing brought together leaders from the economic planning agency, the commerce ministry, the central bank and the securities regulator, as…
RIYADH: Saudi Arabia has placed a temporary ban on imports of poultry meat and table eggs from Indonesia under updated health controls published by the Saudi Food and Drug Authority, tightening access for Indonesian products to one of the region’s largest food markets. The restriction is set out in SFDA Policy No. 6057 and took effect on March…
Travel
ABU DHABI: Yas Waterworld Yas Island, Abu Dhabi will open its latest expansion to visitors on April 4, adding a new phase to the waterpark as Miral expands the site on Yas Island. The company said the opening will introduce 11 new slides and attractions, including headline thrill rides and new leisure features, in the latest development at…
SHARJAH: Air Arabia said it will expand its European network with a new daily, non-stop route between Sharjah International Airport and Rome Fiumicino Airport, with flights scheduled to begin on July 1, 2026. The carrier said the service will provide direct connections between Sharjah, its main hub, and Italy’s capital, adding another option for travelers moving between the…
SHARJAH: Air Arabia said it will expand its European network with a new daily, non-stop route between Sharjah International Airport and Rome Fiumicino Airport, with flights scheduled to begin on July 1, 2026. The carrier said the service will provide direct connections between Sharjah, its main hub, and Italy’s capital, adding another option for travelers moving between the…
ABU DHABI: Etihad Airways carried 2.2 million passengers in January 2026, the Abu Dhabi based airline said in its monthly traffic update, reporting a 29% increase from 1.7 million passengers in January 2025. The carrier also reported a passenger load factor of 89.9% for the month, compared with 89.1% a year earlier, reflecting continued high seat occupancy at…